The coronary atherectomy devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Coronary Atherectomy Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The coronary atherectomy devices market size has grown rapidly in recent years. It will grow from $0.2 billion in 2023 to $0.22 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to rising prevalence of coronary artery disease, growing demand for minimally invasive procedures, demand for coronary atherectomy devices, rising disposable incomes.
The coronary atherectomy devices market size is expected to see strong growth in the next few years. It will grow to $0.31 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to aging population, hybrid procedures, industry investment, patient and physician awareness. Major trends in the forecast period include advancements in coronary atherectomy devices, miniaturization, enhanced imaging, personalized treatment, advancements in device design, robotics and artificial intelligence.
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Scope Of Coronary Atherectomy Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Coronary Atherectomy Devices Market Overview
Market Drivers –
The increasing prevalence of cardiovascular diseases (CVDs) has resulted in an increased demand for atherectomy devices for the treatment of CVDs. The increased prevalence of cardiovascular diseases can be attributed to the use of smoking, physical inactivity, and an unhealthy diet. For instance, in September 2023, according to the Center for Disease Control and Prevention, a US-based government agency, the number of deaths due to cardiovascular diseases reached 695,547 in 2021. Additionally, in August 2022, according to the American College of Cardiology, a US-based non-profit medical association, the risk factors for ischemic heart disease were predicted to increase by 30.7% to 29 million by 2025. Therefore, increasing the prevalence of cardiovascular diseases is expected to drive the growth of the global coronary atherectomy devices market.
Market Trends –
Large coronary atherectomy equipment market manufacturers are strategically partnering and collaborating with start-ups and mid-sized companies to broaden products and services. For instance, in 2021, Cardiovascular Systems, Inc. announced the acquisition of peripheral support catheters from Wavepoint Medical LLC for an undisclosed amount. This acquisition helps Cardiovascular Systems, Inc., based in St. Paul, Minn., is a medical device company that operates on developing and commercializing creative solutions for treating vascular and coronary disease.
The coronary atherectomy devices market covered in this report is segmented –
1) By Product: Directional Atherectomy Devices, Orbital Atherectomy Devices, Photo-Ablative Atherectomy Devices, Rotational Atherectomy Devices, Other Products
2) By Application: Peripheral Vascular, Cardiovascular, Neurovascular
3) By End User: Hospitals & Surgical Centers, Ambulatory Care Centers, Research Laboratories & Academic Institutes
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Regional Insights –
North America was the largest region in the coronary atherectomy devices market in 2023. Western Europe was the second-largest region in the global coronary atherectomy devices market share. Africa, was the smallest region in the coronary atherectomy devices industry. The regions covered in the coronary atherectomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the coronary atherectomy devices market include Boston Scientific Corporation, Koninklijke Philips N.V., Cardiovascular Systems Inc., The Spectranetics Corporation, Medtronic Inc., Avinger Inc., Biotronik SE & Co KG, Arterial Remodeling Technologies, Atrium Medical Corporation, B. Braun Melsungen AG, Balton Sp. z o.o., Biosensors International Group Ltd., Straub Medical AG, C.R. Bard Inc., RA Medical Systems Inc., Shockwave Medical Inc., Terumo Corporation, Abbott Laboratories Inc., Asahi Intecc Co. Ltd., Baylis Medical Company Inc., Cook Medical LLC, Cordis Corporation, Edwards Lifesciences Corporation, Endologix Inc., Infraredx Inc., Intact Vascular Inc., Lutonix Inc., Mercator MedSystems Inc., Miracor Medical Systems GmbH, OrbusNeich Medical Company Limited, QT Vascular Ltd., TriReme Medical LLC, Vascular Solutions Inc., Volcano Corporation
Table of Contents
1. Executive Summary
2. Coronary Atherectomy Devices Market Report Structure
3. Coronary Atherectomy Devices Market Trends And Strategies
4. Coronary Atherectomy Devices Market – Macro Economic Scenario
5. Coronary Atherectomy Devices Market Size And Growth
…..
27. Coronary Atherectomy Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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